A new framework for classifying and understanding types of current and potential climate data and information has been presented in a peer-reviewed journal article due to be published shortly (in press as of 8 January 2020). The framework put forth in the article can help professionals in the financial services, urban planning, and tourism sectors articulate their climate service preferences. It can also help identify challenges and opportunities for other climate service users and service providers. Due to be published in the journal Climate Services, the open-access article is titled ‘Matching supply and demand: A typology of climate services’. It is the result of research carried out in the EU’s Horizon 2020 EU-MACS project, where Acclimatise led the engagement with the financial services sector.
The European Roadmap for Climate Services defines ‘climate service’ as “…the transformation of climate-related data — together with other relevant information — into customised products such as projections, forecasts, information, trends, economic analysis, assessments (including technology assessment), counselling on best practices, development and evaluation of solutions and any other service in relation to climate that may be of use for the society at large. As such, these services include data, information and knowledge that support adaptation, mitigation and disaster risk management (DRM)”. The European MArket for Climate Services (EU-MACS) project sought to understand and develop the climate services market in Europe and beyond. The climate service market is currently undergoing rapid expansion and has the potential to be a rewarding space for both users and providers.
The article, led by researchers from the University of Twente in the Netherlands, (Visscher and Stegmaier) indicates that although the climate services market is growing and consolidating, there has not yet been ‘extensive reflection on the kinds of services such a new market could encompass, and on the ways in which formats can be created that match supply and demand’ (pg. 1). Using a research approach based on Constructive Technology Assessment (CTA), the article provides this by elaborating and illustrating a typology of the current variety of climate services seen. Specifically, the article presents a typology of climate services, including: ‘Maps & Apps’, ‘Expert Analysis’, ‘Climate-inclusive Consulting’, and ‘Sharing Practices’ types (see figure 1).
The typology provides a framework for the further development of climate services as it can be used by actual and potential providers of climate services to reflect upon the general outline of their services. In particular, the article goes some way to capture examples of climate service use cases and demand in the financial services, urban planning, and tourism sectors. These are also elaborated in more detail in the EU-MACS outputs. Additionally, policymakers can use the article to reflect upon the kind of services they want to stimulate through funding, procurement, or other measures. Supporting these services helps to professionalise climate services and to stimulate their uptake in complex and institutionalised settings (Visscher et al., in press 2020).
Acclimatise’s Robin Hamaker-Taylor, a co-author of the article stated: ‘This research is an important and innovative effort to outline the contours of the climate services market. As the climate impacts are increasingly felt, climate data is proving increasingly useful, especially by those in the financial services sector. Apart from providers and policymakers, the framework we set out and illustrate in this article can be a useful starting point for users such as financial services firms who would like to begin their climate data journey and peer into the wide world of climate services.’